Globaltrans IFRS net profit jumps by 69% in January–June

MOSCOW, Aug 29 (PRIME) -- The net profit of Russian rail cargo operator Globaltrans jumped by 69% on the year to 20.9 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Tuesday.

Revenue increased by 7% on the year to 52 billion rubles in the period, while adjusted revenue gained only 2% to 43.3 billion rubles given the stable cargo traffic and good average pricing.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) went down 6% to 25.4 billion rubles mainly because of higher inflationary pressure, the company said.

Globaltrans also said that its dividend payouts remain suspended.

For further details, see the company’s statement on its official website:

https://www.globaltrans.com/investors/news/detail/2417

(95.4717 rubles – U.S. $1)

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